The financial crisis started with banks getting burned in the derivatives market. Then TARP was manipulated to help banks get cash. Next came the Federal Accounting Standards Board (FASB) allowing banks to mark to model (fantasy) their real estate assets (cheat). And now we have come full circle once again as banks own more sub-investment grade derivatives today than at …
Read More0Mar
25
2011
The Lender of Last Resort Isn’t the Fed or ECB, It’s YOU!
By: Doug Eberhardt
Category: Gold
Tags: Banks, Central Bank, ECB, Federal Reserve, Government Spending, IMF, Inflation, Taxes
Banks always are bailed out by the government or the Fed and in Europe’s case, the equivalent of the Fed, the European Central Bank (ECB). The ECB is who is keeping Portugal’s banks afloat. But it’s also the IMF who likes to stick their greedy fingers into the pie, just as they have in many other countries, like Jamaica for …
Read More0Feb
14
2011
Jan
4
2011
Dec
29
2010
The Reason Harvard Students Are Ignorant Of Silver Value Today
By: Doug Eberhardt
Category: Gold
Tags: bankers, Federal Reserve, flaw in education system, gold risky, Government Spending, Harvard Economics Professor Feldstein, Harvard students, Learn about silver investment, Martin Wetzel Walbert, silver value, The Coming Battle: A Complete History of the National Banking Money Power in the United States, understanding silver
Nov
17
2010
Oct
19
2010
Oct
8
2010
The Real Reason Bank of America Halts Foreclosure In 50 States – They’re Broke!
By: Doug Eberhardt
Category: Gold
Tags: bakn of america halts foreclosure, bank balance sheets, bank failures, bank foreclosure, bank of america, banking industry, Buy Gold and Silver Safely, derivatives, FDIC bailout, Federal Reserve, JP Morgan Chase, lenders, nations top banks, pmi bailout, sub-investment grade derivatives, top 5 banks, troubled banks
Oct
7
2010
Oct
4
2010
What they do with these types of statements is try to convince people they are in control. But it is just the words they think that will move markets, not actual policy. In other words, they think that just by mentioning something, it is gospel….and so the people and markets will react accordingly, accomplishing their goals.
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